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Institutional quality and the growth rates of the Italian regions: The costs of regulatory complexity
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Institutional quality and the growth rates of the Italian regions: The costs of regulatory complexity

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  • Giuseppe Di Vita

Abstract

In this paper we study the impact of regulatory complexity, a measure of institutional quality, on the GDP, on per capita income and on the growth rate of the Italian regions. For comparative reasons we also use the duration of civil disputes as a further indicator of institutional quality used in the regressions as an alternative to the indicator of regulatory complexity. From the theoretical point of view, we use the approach of negative co‐ordination externalities, among the four sources of regulatory production that are at work at the same time. Our approach may be applied in all the countries with a multi‐level government system. Using the random effects and quantile regressions models we are able to quantify the effects of an improvement in institutional quality on the GDP and the growth rate, making a comparison between the results obtained using regulatory complexity or the duration of civil disputes as covariates. We also check for spatial dependence among variables. Econometric analysis supports the theoretical assumption that regulatory complexity is an impediment to the growth of regional GDP and per capita income. The main finding of our analysis is that a reduction in regulatory complexity would be more effective than a reduction in the duration of civil disputes in increasing the income and growth rate. This result could be useful for the policy‐maker because by reducing regulatory complexity we may obtain a considerable by‐product in the shorter duration of civil disputes. En este artículo se estudia el impacto de la complejidad regulatoria, que es una medida de la calidad institucional, en el PIB, en ingresos per cápita y en la tasa de crecimiento de las regiones italianas. Por razones comparativas, también se utilizó la duración de las disputas civiles como un indicador adicional de la calidad institucional empleada en las regresiones como una alternativa al indicador de complejidad regulatoria. Desde el punto de vista teórico, se utiliza el enfoque de las externalidades de coordinación negativas entre las cuatro fuentes de producción reguladora que funcionan al mismo tiempo. El enfoque de este artículo se puede aplicar en cualquier país con un sistema de gobierno multinivel. Mediante el uso de modelos de efectos aleatorios y regresiones cuantílicas se pudo cuantificar los efectos de una mejora en la calidad institucional sobre el PIB y la tasa de crecimiento, lo que permitió una comparación entre los resultados obtenidos utilizando la complejidad regulatoria o la duración de las disputas civiles como covariables. También se comprobó la dependencia espacial entre variables. El análisis econométrico apoya el supuesto teórico de que la complejidad regulatoria es un impedimento para el crecimiento del PIB regional y los ingresos per cápita. El principal hallazgo de este análisis es que una reducción en la complejidad regulatoria sería más efectiva que una reducción en la duración de las disputas civiles para aumentar los ingresos y la tasa de crecimiento. Este resultado podría ser útil para quienes formulan políticas, ya que al reducir la complejidad regulatoria se puede obtener un subproducto considerable en forma de una menor duración de las disputas civiles. 本稿ほんこうでは、制度せいどの質しつの指標しひょうとなるregulatory complexity(規制きせいの複雑ふくざつさ)が、GDP、一人ひとり当あたり所得しょとく、イタリアの地方ちほうの経済けいざい成長せいちょう率りつに及およぼす影響えいきょうを検討けんとうする。また比較ひかく検討けんとうのために、民事みんじ紛争ふんそうの期間きかんをregulatory complexityの代替だいたいとなる、制度せいどの質しつのより詳細しょうさいな指標しひょうとして回帰かいき分析ぶんせきに使用しようする。理論りろん的てき観点かんてんから、同時どうじに進行しんこうする規制きせい立案りつあんの4つの情報じょうほう源げんの中なかから、協調きょうちょうの負まけの外部がいぶ効果こうかのアプローチを使用しようする。このアプローチは、マルチレベルの行政ぎょうせいシステムのあるすべての国くにに応用おうようできる可能かのう性せいがある。変量へんりょう効果こうかモデルと分ぶん位い点てん回帰かいきモデルを使用しようすることにより、制度せいどの質しつの改善かいぜんがGDPと経済けいざい成長せいちょう率りつに与あたえる影響えいきょうの定量ていりょうが可能かのうとなり、regulatory complexityまたは民事みんじ紛争ふんそうの期間きかんを共きょう変量へんりょうとして用もちいて得えられた結果けっかを比較ひかくする。また、変数へんすうの中なかに空間くうかん依存いぞん性せいがないか確認かくにんを行おこなう。計量けいりょう経済けいざい学がく的てき分析ぶんせきから、regulatory complexityが地域ちいきのGDPと一人ひとり当あたり国民こくみん所得しょとくの増加ぞうかの障害しょうがいとなるという理論りろん的てき仮説かせつが裏付うらづけられた。今回こんかいの分析ぶんせきの主おもな知見ちけんは、regulatory complexityの減少げんしょうは、所得しょとくと経済けいざい成長せいちょう率りつの増加ぞうかに関かんする民事みんじ紛争ふんそうの期間きかんの減少げんしょうよりも効果こうか的てきであると考かんがえられることである。regulatory complexityを減少げんしょうさせることにより、より短期間たんきかんの民事みんじ紛争ふんそうの間あいだに、かなりの副次的ふくじてき結果けっかが得えられる可能かのう性せいがあるため、本ほん結果けっかは政策せいさく立案りつあん者しゃにとって有用ゆうようとなる。

Suggested Citation

  • Giuseppe Di Vita, 2018. "Institutional quality and the growth rates of the Italian regions: The costs of regulatory complexity," Papers in Regional Science, Wiley Blackwell, vol. 97(4), pages 1057-1081, November.
    • Handle: RePEc:bla:presci:v:97:y:2018:i:4:p:1057-1081
    DOI: 10.1111/pirs.12290
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    2. Juan de Lucio & Juan S. Mora-Sanguinetti, 2021. "New dimensions of regulatory complexity and their economic cost. An analysis using text mining," Working Papers 2107, Banco de España.
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    4. Juan S. Mora-Sanguinetti & Javier Quintana & Isabel Soler & Rok Spruk, 2024. "The heterogenous effects of a higher volume of regulation: evidence from more than 200k Spanish norms," Journal of Regulatory Economics, Springer, vol. 65(1), pages 137-153, June.
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    8. Peiró-Palomino, Jesús & Perugini, Francesco, 2022. "Regional innovation disparities in Italy: The role of governance," Economic Systems, Elsevier, vol. 46(4).
    9. Juan S. Mora-Sanguinetti & Javier Quintana & Isabel Soler & Rok Spruk, 2023. "Sector-level economic effects of regulatory complexity: evidence from Spain," Working Papers 2312, Banco de España.
    10. Agostino, Mariarosaria & Ruberto, Sabrina & Trivieri, Francesco, 2023. "The role of local institutions in cooperative banks’ efficiency. The case of Italy," International Review of Economics & Finance, Elsevier, vol. 84(C), pages 84-103.
    11. Vita, Giuseppe Di, 2021. "Political corruption and legislative complexity: Two sides of same coin?," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 136-147.
    12. Di Vita, Giuseppe & Di Vita, Fabio & Cafiso, Gianluca, 2019. "The economic impact of legislation and litigation on growth: a historical analysis of Italy from its unification to World War II," Journal of Institutional Economics, Cambridge University Press, vol. 15(1), pages 121-141, February.
    13. Sara Amoroso & Benedikt Herrmann & Alexander S. Kritikos, 2023. "The Role of Regulation and Regional Government Quality for High Growth Firms: The Good, the Bad, and the Ugly," Discussion Papers of DIW Berlin 2053, DIW Berlin, German Institute for Economic Research.
    14. Amoroso, Sara & Herrmann, Benedikt & Kritikos, Alexander S., 2023. "The Role of Regulation and Regional Government Quality for High Growth Firms: The Good, the Bad, and the Ugly," IZA Discussion Papers 16563, Institute of Labor Economics (IZA).
    15. Juan S. Mora-Sanguinetti & Ricardo Pérez-Valls, 2021. "How does regulatory complexity affect business demography? Evidence from Spain," European Journal of Law and Economics, Springer, vol. 51(2), pages 203-242, April.
    16. Alessandro Melcarne & Juan S. Mora-Sanguinetti & Rok Spruk, 2021. "Democracy, technocracy and economic growth: evidence from 20 century Spain," Working Papers 2118, Banco de España.
    17. Juan S. Mora-Sanguinetti & Ricardo Pérez-Valls, 2020. "¿Cómo afecta la complejidad de la regulación a la demografía empresarial? Evidencia para España," Working Papers 2002, Banco de España.
    18. Juan S. Mora-Sanguinetti & Laura Hospido & Andrés Atienza-Maeso, 2024. "Is Equality Regulation Effective in Reducing Gender Gaps in the Labor Market? Quantification and Evidence for Spain," Working papers 943, Banque de France.
    19. Juan S. Mora-Sanguinetti & Andrés Atienza-Maeso, 2023. ""Green regulation": a quantification of regulations related to renewable energies and climate change in Spain and France," Working papers 937, Banque de France.
    20. de Lucio, Juan & Mora-Sanguinetti, Juan S., 2022. "Drafting “better regulation”: The economic cost of regulatory complexity," Journal of Policy Modeling, Elsevier, vol. 44(1), pages 163-183.
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